Q2 results exceed expectations with 36% year-over-year revenue growth and higher net interest income.
Zions Bancorporation reported Q2 non-GAAP earnings per share of $1.74, surpassing estimates by $0.17. Revenue reached $1.14 billion, up 36% year-over-year and $263.48 million above forecasts.
Net interest income climbed 4% to $677 million, while net interest margin held steady at 3.27%, compared with 3.17% in the prior quarter. The bank’s performance reflects strong revenue growth amid stable margins.
Shares showed muted reaction in after-hours trading as investors digested the results.